| It's the Halloween edition of the Newsletter and we're offering lots of treats! First up is a new Bubble Map that illustrates Alaska North Slope being squeezed out of the West Coast Market. Dave Hackett discusses highlights from the 2014 OPIS Supply Summit. We offer two new services, Upstream Commercial and Logistical Support and Commercial Agreement Review. Finally, coming soon in 2015 we'll be offering The LCFS Newsletter. Take a look at our Analysis of the 1st Quarter LCFS data and let us know what you think. |
| ANS Feels the Squeeze on the West Coast | |
On Monday with WTI priced at $81 per barrel, Eagle Ford and WTI-Midland were listed at parity with WTI. Bakken at Clearbrook came in at $13 under WTI. While the Western Canadian Select differential has narrowed to $7 under WTI.
While we're seeing discounts in the Mid Continent, prices on the coasts continue to drop. Brent remains $5 over WTI. And on the West Coast San Joaquin Valley Heavy has dropped to a $7 discount under WTI.
The big story is the continued tightening of the ANS-WTI differential. ANS was $1 over WTI on Monday. As we pointed out in last month's blog, Lone Star State Makes it Inside the Bubble, it looks like ANS is feeling the squeeze on the West Coast.
|
| Two New Services: Helping clients get the best deal possible |
Stillwater is offering two new services in an effort to get our clients the best deal possible in their new ventures. The first service, Upstream Commercial and Logistical Support, provides a Downstream perspective to Upstream clients in the process of making important capital investment decisions. Often when Upstream projects are under development, it may be difficult for design engineers to see beyond a specific set of goals. We advise clients on various aspects of new project development in advance of making these decisions. The second service, Commercial Agreement Review, provides clients our expertise in developing and reviewing drafts of key hydrocarbon liquids-related commercial agreements including:
- Pipeline Joint Venture Agreements
- Transportation and Storage Agreements
- Terminal Agreements
- Purchase and Sales Agreements
- Crude Lifting Agreements
- Production Handling Agreements
Our expertise in these areas will help ensure that the contracts are clear, transparent and unambiguous and that the parties to the contracts have an equal understanding how the contracts will be operated and administered.
If your firm is in need of any of these services please contact us. We'll review the issues with you and let you know how we can help.
|
|
|
Stillwater Associates is a transportation energy consulting company. We help our clients understand how fuels get from the source to the service station. If your company is in need of expert advice, please let us know.
Sincerely,
David J. Hackett, President
Stillwater Associates LLC |
| | |
We use Facebook to share interesting transportation energy articles, studies, and events. If you are a regular Facebook user, check out Stillwater's page.
|
|
|
| Highlights from the 2014 OPIS Supply Summit |
The presentations at this year's OPIS National Supply Summit reflected the dynamics of petroleum markets in North America. Much of the conversation was on the impact of continuing growth of crude oil production in the Mid Continent. The topics include crude oil pipeline development, crude-by-rail and plenty of discussion on the crude oil export ban. On the products side, a Bob Wimmer of Toyota talked about the outlook for vehicle technology, Tim Felt of Colonial Pipeline discussed expansion issues with OPIS' Tom Kloza, Mario Rodriguez of NTR Partners spoke on the opportunities he sees in refining in California. And as usual,United-ICAP's Walter Zimmerman provided a technical outlook for oil markets that was dynamic and bearish.
| |
|
| Coming Soon! Stillwater's LCFS Newsletter |
Coming in 2015 Stillwater will be offering subscriptions to our California Low Carbon Fuel Standard (LCFS) Newsletter. This unique publication will offer weekly, monthly and quarterly looks at LCFS credit and deficit trends based on California Air Resources Board (CARB) data. Weekly reports will include a summary of the week's LCFS news, while monthly and quarterly reports will also include Stillwater's analysis of recent trends in the program.
The LCFS continues to evolve. California fuels producers and suppliers must understand the standard in order to comply and compete in this new regulatory environment.
| |
|
|
|
